Life After FTX: How Solana DeFi Is Starting OverWithout SBFs Serum
Confirming that we turned off @ProjectSerum as a liquidity source a few hours ago due to security concerns about upgrade authorities, and we also encouraged all our integrators to do the same.
The ecosystem is working on a fork right now, and we will supporting it asap
Jupiter Aggregator (@JupiterExchange) November 12, 2022
1/ A couple updates given recent events:
In an effort to limit any exposure to 3rd party protocols, the AMM paused market making on Serum. 100% of AMM liquidity is now contained in the pools and no liquidity is being shared to Serum. https://t.co/jEU6LkYz7H
Raydium (@RaydiumProtocol) November 13, 2022
How it started, how it’s going
I woke up this morning to the devastating news that FTX security was breached last night. It is not clear which parts have been compromised, but a general warning was issued by John Ray the new CEO. (1)
Mango Max (@m_schneider) November 13, 2022
DeFi on Solana has taken a hit but it’s coming back stronger than ever
To help, we (@heliuslabs) are offering free subscriptions (RPCs, APIs, and Webhooks) for anyone helping build the future of SOL DeFi
DMs are open
mert | Helius (, ) (@0xMert_) December 5, 2022
Solana’s “crucible moment”
this crucible moment for @solana ecosystem is as difficult as the last one. the difference is, there are 10x more of us to band together this time. next time, there will be 10x more.
and each time, we’re stronger. the fundamentals are better.
same goes for crypto at large, tbh
raj (@rajgokal) November 9, 2022
Someone floated the idea of using $SOL as the @openbookdex token.
This must happen.
Would make Serums replacement truly a community owned public utility and add more value accrual to the token.
R89 (@R89Capital) November 27, 2022